http://marketsanity.com/rickards-reason-chinas-gold/
"Mr. Rickards believes that once China has enough gold, all the world’s major powers – the US, Europe, Russia and China – will be at least partially hedged against money printing. Therefore, they’ll be able to continue printing money simultaneously in order to confiscate wealth from savers while at the same time protecting themselves."
"Mr. Rickards believes that once China has enough gold, all the world’s major powers – the US, Europe, Russia and China – will be at least partially hedged against money printing. Therefore, they’ll be able to continue printing money simultaneously in order to confiscate wealth from savers while at the same time protecting themselves."
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